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STO Chairman Amir Mansoor Hits Out at Government’s New Foreign Exchange Rule
STO Chairman Amir Mansoor criticised the government's new foreign exchange rule, saying he is "not doing business to pay off the government's political loans" and that businesses get "zero" in return. The Maldives Monetary Authority regulation, introduced on 1 October, requires resorts to exchange at least US$500 per guest into Maldivian Rufiyaa and has drawn fierce backlash, with over 50 resorts refusing to comply.
Sources1carried itMR1 of 19 news outlets we monitor
Figures3as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
What happened
in order; days are read from the reports' words and dates
Tue 1 OctThe Maldives Monetary Authority regulation requiring resorts to exchange at least US$500 per guest into Maldivian Rufiyaa was introduced.on 1 Octoberonly Maldives RepublicThe rule, introduced on 1 October, has faced fierce backlash, with over 50 resorts refusing to comply.
Word for word from the report in Maldives Republic. Open the report
Who said what
the reports' own quoted words, each once
not doing business to pay off the government’s political loans.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
at least US$500 per guestMinimum foreign currency each guest must be exchanged into Maldivian Rufiyaa by resortsMaldives Republicthe Maldives Monetary Authority’s (MMA) regulation, which mandates that resorts exchange at least US$500 per guest into Maldivian Rufiyaa (MVR)
Word for word from the report in Maldives Republic. Open the report
over 50Resorts refusing to comply with the regulationMaldives RepublicThe rule, introduced on 1 October, has faced fierce backlash, with over 50 resorts refusing to comply.
Word for word from the report in Maldives Republic. Open the report
37-year-oldAge of the foreign exchange policy being endedMaldives RepublicThe regulation aims to channel foreign currency earnings into Maldivian banks, ending a 37-year-old foreign exchange policy.
Word for word from the report in Maldives Republic. Open the report